Day: December 28, 2021
Shares of Apple Inc. AAPL, -0.20% bulled up 2.0% into record territory in afternoon trading Monday, enough to pace the Dow Jones Industrial Average’s DJIA, +0.43% gainers. The technology behemoth’s stock has now run up 5.9% amid a four-day win streak, and was currently headed for a close above the Dec. 10 record of $179.45. […]
Gold futures finished in negative territory Monday, halting a string of gains at three consecutive but managing to hold above the psychologically significant price at $1,800 in the start to the final week of trading in 2021. February gold GCG22, +0.10% GC00, +0.10% closed $2.90, or 0.2%, lower to settle at $1,808.80 an ounce on […]
The FCA has launched the UK’s first official anti-fraud jingle in a bid to protect consumers against loan fee fraud over the Christmas period. Last year the FCA received 32% more loan fee fraud calls per month across the festive period than the rest of the year, with 1 in 20 calls between November and […]
Shares of Moderna Inc. MRNA, -1.97% were down 2.4% in trading on Monday after the company said Switzerland exercised an option to buy an additional seven million doses of its COVID-19 booster. Moderna said delivery of those shots is set to occur in the second half of 2022. Switzerland has ordered a total of 27.5 […]
Home News FCA to introduce new Consumer Duty to drive a fundamental shift in industry mindset Press Releases First published: 07/12/2021 Last updated: 07/12/2021 New plans from the Financial Conduct Authority will ensure a higher and more consistent standard of consumer protection for users of financial services and help to stop harm before it happens. […]
The FCA has appointed Stephen Braviner Roman as General Counsel and as a member of its Executive Committee following an open competition. Stephen is expected to join the FCA in February next year. Megan Butler has announced she will step down from her role as Executive Director of Transformation in the spring. Megan joined the […]
We are aware of a remote code execution vulnerability (CVE-2021-44228) that is affecting multiple versions of the Apache Log4j 2 library. The National Cyber Security Centre (NCSC) is aware that scanning for this vulnerability has been detected in the UK and exploitation detected elsewhere. The NCSC has published guidance for firms to help identify if […]
Home News FCA and PSR respond to announcement from Cash Action Group (CAG) Statements First published: 15/12/2021 Last updated: 15/12/2021 We respond to the Cash Action Group’s (CAG) announcement that retail banks and building societies will create an independent body to assess the needs of local communities and direct cash solutions. We are pleased to […]
The FCA has accepted recommendations made by John Swift QC, who was commissioned to review the design, implementation and operation of the redress scheme set up for customers who were missold interest rate hedging products (IRHPs) from 2001. The actions taken by the Financial Services Authority (FSA) nearly a decade ago delivered redress of £2.2 […]
National Westminster Bank Plc (NatWest) was today fined £264,772,619.95 following convictions for three offences of failing to comply with money laundering regulations. Mrs Justice Cockerill, the sentencing judge at Southwark Crown Court, today said: ‘….it must be borne in mind that although in no way complicit in the money laundering which took place, the Bank […]
